India's Tax Structure

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20 Questions

What is the origin of the tax system in India?

The origin of the tax system in India dates back to the prehistoric times when farmers and artisans paid their taxes as agricultural produce, silver and gold.

What is the largest source of income for government bodies in India?

The largest source of income for government bodies in India is the tax system.

When was the modern tax system in India established?

The modern tax system in India was established by the British rule in the year 1860.

According to which article of the Indian constitution does an accompanying law back up every tax that is collected?

According to Article 256 of the Indian constitution, an accompanying law backs up every tax that is collected.

What are some taxes levied by the Central Government in India?

Taxes levied by the Central Government in India include Income Tax, Customs Duty, Service Tax, and Central Excise Duty.

What are some taxes levied by the State Government in India?

State Excise Duty, VAT, Profess.

What is the role of the British rule in the establishment of the modern tax system in India?

The modern tax system was established by the British rule in the year 1860.

What is the significance of Article 256 of the Indian constitution in relation to tax collection?

According to Article 256 of the Indian constitution, an accompanying law backs up every tax that is collected.

What is the historical origin of the tax system in India?

The origin of the tax system in India dates back to the prehistoric times when farmers and artisans paid their taxes as agricultural produce, silver and gold.

What are some taxes levied by the Central Government in India?

Income Tax, Customs Duty, Service Tax, Central Excise Duty.

What are some of the taxes levied by the State Government in India?

State Excise Duty, VAT, Profession Tax

What is the significance of Article 256 of the Indian constitution in relation to tax collection?

Article 256 of the Indian constitution states that an accompanying law backs up every tax that is collected, providing a legal framework for tax collection.

What are some of the taxes levied by the Central Government in India?

Income Tax, Customs Duty, Service Tax, Central Excise Duty

What is the historical origin of the tax system in India?

The tax system in India dates back to the prehistoric times when farmers and artisans paid their taxes as agricultural produce, silver, and gold.

When was the modern tax system in India established?

The modern tax system in India was established by the British rule in the year 1860.

The tax system in India dates back to which time period?

The prehistoric times when farmers and artisans paid their taxes as agricultural produce, silver and gold.

When was the modern tax system in India established?

The modern tax system was established by the British rule in the year 1860.

What is the largest source of income for government bodies in India?

Taxes are the largest source of income for government bodies in India.

According to which article of the Indian constitution, is an accompanying law required for every tax collected?

According to Article 256 of the Indian constitution, an accompanying law is required for every tax collected.

What are some taxes levied by the Central Government in India?

Income Tax, Customs Duty, Service Tax, and Central Excise Duty are some taxes levied by the Central Government in India.

Study Notes

Origin of Tax System in India

  • The historical origin of the tax system in India dates back to ancient times.

Establishment of Modern Tax System

  • The modern tax system in India was established during the British colonial period, with the British rule playing a significant role in its establishment.
  • The modern tax system was established in the 19th century.

Sources of Income for Government Bodies

  • The largest source of income for government bodies in India is taxation.

Taxation and the Indian Constitution

  • According to Article 256 of the Indian Constitution, an accompanying law is required to back up every tax that is collected.
  • Article 256 of the Indian Constitution plays a significant role in tax collection.

Taxes Levied by Central Government

  • Some taxes levied by the Central Government in India include:
    • Income Tax
    • Customs Duty
    • Central Excise Duty
    • Service Tax

Taxes Levied by State Government

  • Some taxes levied by the State Government in India include:
    • Value Added Tax (VAT)
    • Sales Tax
    • Stamp Duty
    • Land Revenue

Test your knowledge of the tax structure in India with this informative quiz. Explore the history and evolution of the tax system, key concepts, and current practices. From ancient times to modern regulations, see how much you know about India's tax structure.

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